Copper at 2 - Is it a buy?

Discussion in 'Metal Futures' started by cunparis, Oct 21, 2008.

  1. Copper is currently sitting between two supports - 2 & 2.05. Copper hasn't been holding up too well but I have a feeling 2 will hold.
     
  2. kxvid

    kxvid

    I am thinking about going short. I think we will see 1.50 sooner rather than later. Maybe we'll get some solid support in the low 1 dollar range.

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  3. I agree. The way it blew through 2.05 and then 2.0, I don't see any relief. Copper is one of the most affected by the recession predictions.
     
  4. kxvid

    kxvid

    Its dropping like a rock now. Hope you got in. If only I had my brokers setup to trade copper. Just terrible.